Facebook co-founder drops U.S. citizenship

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  • NikKay
    Confirmed User
    • Aug 2001
    • 1642
    #101
    Originally posted by epitome
    So he can break the law? This isn't a debate about tax rates, but rather evasion. Huge difference.

    For the record, I am for a flat tax. Whether it's 10% or 30%, if you are poor or rich. Based on consumption. That's not what this thread is about.
    There are a million laws that are so stupid they deserve to be broken. You'd have to be a sheep to walk around spouting things like "well, that's the law so s/he should have done what s/he was told!"

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      • Barefootsies
        Choice is an Illusion
        • Feb 2005
        • 42635
        #102
        Facebook Co-Founder: America is OK. It?s the Rules That Are a Pain

        Eduardo Saverin, the Facebook co-founder who gave up his U.S. citizenship, has nothing against the U.S., just its complicated rules on U.S. citizens holding money overseas, a spokesman said.

        Mr. Saverin, who now lives in Singapore, decided last year to renounce his U.S. citizenship, a decision that was made public a few days ago. The move sparked an outcry among some tax experts who suspect he?s aiming to save on taxes. Although Mr. Saverin will have to pay a hefty exit tax for renouncing his citizenship, based on some calculation of his assets, Singapore is a relatively low-tax jurisdiction, particularly for foreign investors, and does not levy capital gains tax. Thus he could save in the longer term.
        Last edited by Barefootsies; 05-14-2012, 10:27 AM.
        Should You Email Your Members?

        Link1 | Link2 | Link3

        Enough Said.

        "Would you rather live like a king for a year or like a prince forever?"

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          • smutnut
            So Fucking Banned
            • Jul 2007
            • 5889
            #103
            There are way more reasons to become a citizen of another country, than to stay one in America. What about healthcare? How's about the way How's about the way whore bags like Eva Longoria think it's okay to work for minimum wage as long as you're not her?

            This country is a whore house that every foreigner comes her to exploit, not to embrace. Don't think for one second they want to come here and embrace your way of life. They come here and want you to suck up their baggage

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